Tapiwanashe Mangwiro
HARARE – The average Zimbabwean needed at least $4 426 not to be considered poor in November 2020. This translates to US$1.80 per day and this is a significant improvement from October 2020 levels of US$1.53 but still...
Sydney Kawadza
Government efforts to control fuel distribution through tracking is set to move into motion through the introduction of the National Fuel Management System, a Cabinet minister has said.
The National Fuel Management System, according to Information, Publicity and Broadcasting...
Tapiwanashe Mangwiro
Zimbabwe’s largest mobile money transfer platform – Ecocash - has increased daily limits for individual transactions while a new executive club for exclusive users has been established.
In a statement issued over the weekend, EcoCash, increased daily and monthly...
Farai Mabeza
The United Nations World Food Programme (WFP) has made an urgent appeal to the international community for US$130 million for food aid for Zimbabwe as the number of the acutely food insecure in the country moves from 3.8 million...
Sydney Kawadza
The African Development Bank has allocated a €1.2 million grant to provide training to help resource-rich countries improve their mining revenues.
Among the first beneficiaries of the grant are Zimbabwe, Guinea, Liberia, Niger, Mali, Madagascar, South Sudan and Sierra...
Farai Mabeza
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has directed all banks to temporarily review all ZIPIT transaction limits downwards to $20 000 per day and $100 000 per month to curb illicit foreign currency trading. This comes...
HARARE - At least 26.4 million kilograms of tobacco worth US$59m have been sold so far since the start of tobacco selling season, statistics from the industry regulator show. The sales figure is 278.27% higher than US$15.6m from 8.8...
Almot Maqolo
The African Development Bank Group (AfDB) has extended to Zimbabwe a US$10.4m grant to support the much-needed digitisation of the tax administration system, strengthening the role of parliament and enhancing the capacity of the Office of the Auditor...
HARARE – The Reserve Bank of Zimbabwe (RBZ) has provided an update on the two bureau de change that were suspended from operations earlier in the month. Cash Twenty Four and Crediconnect were flagged for money laundering and were...
HARARE – Government has suspended mobile-based monetary transactions and trading on the Zimbabwe Stock Exchange to enable it to investigate malpractices, criminality, and economic sabotage.
Information permanent secretary Nick Mangwana, in a statement said that the suspensions were part of...
